Market Moving News: EUR/USD - Mar 21

By IBT Staff Reporter On 03/21/10 AT 5:35 AM

Eur/usd - 1.3688 ... Eurozone current account n trade balance came in at -16.7 bln euros n -8.9 bln euros respectively in January. Despite early cross-inspired selloff to 1.3648 in European morning, the single currency rebounded briefly to 1.3696 on short-covering, however, renewed selling interest by European names are tipped at 1.3700/05 n 1.3720/25 with stops seen abv 1.3730. On the downside, bids are located at 1.3660/65 n 1.3640/45.